Marico Reports Strong FY26 Audited Results; Board Recommends Rs. 4 Final Dividend Per Share

8 min read     Updated on 05 May 2026, 05:27 PM
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AI Summary

Marico Limited's Board approved audited FY26 results on May 5, 2026, with consolidated revenue from operations rising to Rs. 13,611 crore and net profit at Rs. 1,813 crore. Standalone net profit grew to Rs. 1,941 crore from Rs. 1,519 crore. The Board recommended a final dividend of Rs. 4.00 per share and scheduled the 38th AGM for August 6, 2026. Key acquisitions during FY26 included majority stakes in 4700BC, Cosmix, and full ownership of True Elements.

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Marico Limited's Board of Directors, at its meeting held on May 5, 2026, approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The Board also recommended a final equity dividend of Rs. 4.00 per equity share of Re. 1 each for FY25-26, subject to shareholder approval at the ensuing 38th Annual General Meeting. The statutory auditors, B S R & Co. LLP, issued their audit reports with an unmodified opinion on both standalone and consolidated financial results.

Key Board Decisions

Alongside the financial results, the Board approved several significant resolutions at its meeting, which commenced at 12:30 p.m. and concluded at 1:45 p.m. on May 5, 2026.

Decision: Details
Final Dividend Rs. 4.00 per equity share of Re. 1 each
Dividend Record Date Thursday, July 30, 2026
Dividend Payment Deadline On or before Saturday, September 5, 2026
38th AGM Date Thursday, August 6, 2026 at 9:00 a.m. IST
AGM Mode Video Conferencing and Other Audio-Visual Means

Consolidated Financial Performance

Marico's consolidated financials reflect strong year-on-year growth across key metrics for the year ended March 31, 2026. Revenue from operations grew to Rs. 13,611 crore from Rs. 10,831 crore in the prior year. Net profit for the year stood at Rs. 1,813 crore compared to Rs. 1,658 crore previously. The following table summarises the consolidated income statement highlights:

Metric (Rs. in crore): Q4 FY26 (Audited) Q3 FY26 (Un-audited) Q4 FY25 (Audited) FY26 (Audited) FY25 (Audited)
Revenue from Operations 3,333 3,537 2,730 13,611 10,831
Other Income 60 39 47 204 208
Total Income 3,393 3,576 2,777 13,815 11,039
Total Expenses 2,889 3,009 2,336 11,538 8,923
Profit Before Tax 504 567 441 2,277 2,116
Tax Expense 96 107 96 464 458
Net Profit 408 460 345 1,813 1,658
Total Comprehensive Income 439 486 330 1,880 1,584
Basic EPS (Rs.) 3.04 3.45 2.65 13.62 12.59
Diluted EPS (Rs.) 3.03 3.44 2.65 13.59 12.56

Net profit attributable to owners for FY26 stood at Rs. 1,762 crore versus Rs. 1,629 crore in FY25, while the share attributable to non-controlling interests was Rs. 51 crore compared to Rs. 29 crore in the prior year.

Consolidated Segment Performance

Marico operates across two reportable segments — India and International. The India segment remained the dominant revenue contributor, while the International segment also delivered meaningful growth.

Segment Revenue (Rs. in crore): Q4 FY26 Q3 FY26 Q4 FY25 FY26 FY25
India 2,505 2,681 2,068 10,348 8,110
International 828 856 662 3,263 2,721
Total Segment Revenue 3,333 3,537 2,730 13,611 10,831
Segment Results — PBT & Interest (Rs. in crore): Q4 FY26 Q3 FY26 Q4 FY25 FY26 FY25
India 366 428 322 1,661 1,550
International 199 206 159 813 711
Total Segment Results 565 634 481 2,474 2,261
Less: Finance Cost 17 14 12 53 53
Less: Unallocable Expenditure (net) 44 53 28 144 92
Profit Before Tax 504 567 441 2,277 2,116

Standalone Financial Performance

On a standalone basis, Marico reported revenue from operations of Rs. 9,402 crore for FY26 versus Rs. 7,680 crore in FY25. Net profit for the standalone entity rose to Rs. 1,941 crore from Rs. 1,519 crore in the prior year. The standalone results for FY25 have been restated to account for the integration of Apcos Naturals Private Limited (Just Herbs) as a common control business acquisition.

Metric (Rs. in crore): Q4 FY26 (Audited) Q3 FY26 (Un-audited) Q4 FY25 (Audited, Restated) FY26 (Audited) FY25 (Audited, Restated)
Revenue from Operations 2,205 2,461 1,889 9,402 7,680
Other Income 166 177 148 987 589
Total Income 2,371 2,638 2,037 10,389 8,269
Total Expenses 1,975 2,130 1,631 8,130 6,404
Profit Before Tax 396 508 406 2,259 1,865
Tax Expense 60 67 89 318 346
Net Profit 336 441 317 1,941 1,519
Total Comprehensive Income 333 443 318 1,937 1,520
Basic EPS (Rs.) 2.61 3.41 2.44 15.00 11.73
Diluted EPS (Rs.) 2.60 3.40 2.44 14.97 11.71

Consolidated Balance Sheet Highlights

Marico's consolidated total assets grew to Rs. 10,075 crore as at March 31, 2026, from Rs. 8,332 crore as at March 31, 2025. Total equity stood at Rs. 4,494 crore versus Rs. 4,266 crore in the prior year. Cash and cash equivalents at the end of FY26 were Rs. 404 crore, up from Rs. 321 crore at the end of FY25.

Balance Sheet Item (Rs. in crore): March 31, 2026 March 31, 2025
Total Non-Current Assets 4,215 3,255
Total Current Assets 5,860 5,077
Total Assets 10,075 8,332
Total Equity 4,494 4,266
Total Non-Current Liabilities 1,480 1,611
Total Current Liabilities 4,101 2,455
Total Liabilities 5,581 4,066
Cash and Cash Equivalents 404 321

Consolidated Cash Flow Summary

On a consolidated basis, Marico generated net cash from operating activities of Rs. 2,084 crore for FY26, compared to Rs. 1,363 crore in FY25. Net cash utilised in investing activities stood at Rs. 722 crore, while net cash utilised in financing activities was Rs. 1,279 crore. The net increase in cash and cash equivalents for FY26 was Rs. 83 crore, with closing cash and cash equivalents at Rs. 404 crore.

Cash Flow (Rs. in crore): FY26 (Audited) FY25 (Audited)
Net Cash from Operating Activities 2,084 1,363
Net Cash from Investing Activities (722) (621)
Net Cash from Financing Activities (1,279) (649)
Net Increase in Cash & Cash Equivalents 83 93
Opening Cash & Cash Equivalents 321 228
Closing Cash & Cash Equivalents 404 321

Key Corporate Developments

Several strategic transactions were completed during FY26 that have shaped the Group's current structure. During the quarter ended June 30, 2025, Marico acquired an additional 8.8% equity stake in Satiya Nutraceuticals Private Limited (Plix) on a fully diluted basis, taking its total stake to 60%. HW Wellness Solutions Private Limited (True Elements) was made a wholly owned subsidiary effective October 17, 2025, following the acquisition of the balance 46.02% equity capital. The business undertaking of Apcos Naturals Private Limited (Just Herbs) was vested in the Company on a going concern basis effective October 1, 2025, pursuant to voluntary liquidation. During the quarter ended March 31, 2026, the Company acquired a 93.27% equity stake in Zea Maize Private Limited (4700BC) effective January 29, 2026, subsequently increasing its stake to 94.02%. Additionally, a 60% equity stake in Cosmix Wellness Private Limited (Cosmix) was acquired effective February 5, 2026.

Acquisition: Entity Stake Acquired Effective Date
Plix (incremental) Satiya Nutraceuticals Pvt Ltd 8.8% (total: 60% fully diluted) Q1 FY26
True Elements HW Wellness Solutions Pvt Ltd Balance 46.02% (total: 100%) October 17, 2025
Just Herbs (integration) Apcos Naturals Pvt Ltd Business undertaking (voluntary liquidation) October 1, 2025
4700BC Zea Maize Pvt Ltd 93.27% (total: 94.02%) January 29, 2026
Cosmix Cosmix Wellness Pvt Ltd 60% February 5, 2026

Company Background and Market Position

During FY25-26, Marico recorded a turnover of ₹136.1 billion (USD 1.5 billion) through its products sold in India and chosen markets in Asia and Africa. The company's domestic portfolio includes brands such as Parachute, Saffola, Hair & Care, Parachute Advansed, Nihar Naturals, Mediker, Pure Sense, Coco Soul, Revive, Set Wet, Livon, Beardo, Just Herbs, True Elements, Plix, Cosmix and 4700BC, touching the lives of 1 out of every 3 Indians. The overseas consumer products portfolio contributes approximately 24% of the Group's revenue, with international brands including Parachute, Parachute Advansed, HairCode, Fiancée, Herbsindia, Purité de Provence, Ôliv, LASHE Superfood, Candid, Caivil, Hercules, Black Chic, Code 10, Ingwe, X-Men, Thuan Phat and Isoplus.

Historical Stock Returns for Marico

1 Day5 Days1 Month6 Months1 Year5 Years
+2.89%+2.57%+6.02%+12.53%+11.70%+75.19%

How will Marico's aggressive acquisition strategy in the health and wellness segment (Plix, Cosmix, 4700BC) impact its overall margin profile and return on capital over the next 2-3 years?

Given the sharp rise in current liabilities from Rs. 2,455 crore to Rs. 4,101 crore, what are the potential refinancing risks and how might rising interest rates affect Marico's debt servicing capacity?

With international operations contributing approximately 24% of revenue and showing strong growth, which new geographies or markets is Marico likely to target for expansion in FY27?

Marico Announces Q4FY26 Earnings Conference Call on May 5, 2026

1 min read     Updated on 17 Apr 2026, 07:51 PM
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AI Summary

Marico Limited has scheduled a conference call on May 5, 2026, at 5:30 PM IST to discuss Q4FY26 and FY26 financial results following the Board meeting. The call will feature MD & CEO Saugata Gupta and Group CFO Pawan Agrawal, with multiple international dial-in options available. The company, which recorded ₹ 108.3 billion turnover in FY24-25, operates in beauty and wellness categories across India, Asia, and Africa.

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Marico Limited has announced an investor and analyst conference call scheduled for Tuesday, May 5, 2026, at 5:30 PM IST. The call will follow the company's Board of Directors meeting on the same day, where financial results for the quarter and year ended March 31, 2026, will be approved. Management will provide commentary on the financial performance and operational highlights during the session.

Conference Call Details

The earnings call will be led by senior leadership including Mr. Saugata Gupta – Managing Director & CEO, and Mr. Pawan Agrawal – Group CFO & CEO - International Business. Mr. Harsh Rungta, Head – Investor Relations, will serve as the call leader. Participants can join via multiple dial-in numbers or access the live webcast.

Call Details Information
Date Tuesday, May 5, 2026
Time 5:30 PM IST
Universal Dial-In (+91 22) 6280 1558 / (+91 22) 7115 8384
USA Toll-Free 1 866 746 2133
UK Toll-Free 0 808 101 1573
Singapore Toll-Free 800 101 2045
Hong Kong Toll-Free 800 964 448

Access and Registration

Participants are advised to dial in at least 5-10 minutes before the scheduled time to ensure timely connection. To avoid waiting queues, investors can register through the Diamond pass link to receive a passcode for direct access. The audio recording and transcript of the conference call will be subsequently published on the company's website at marico.com/india/investors#quarterly.

Company Overview

Marico is one of India's leading consumer products companies operating in global beauty and wellness categories. During FY24-25, the company recorded a turnover of ₹ 108.3 billion (USD 1.3 billion) through products sold in India and selected markets in Asia and Africa. The company's portfolio includes brands such as Parachute, Saffola, Hair & Care, Livon, Beardo, and True Elements. The overseas consumer products business contributes approximately 25% of the Group's revenue.

Investor Contact

For further information or clarification regarding the conference call, investors may contact Mr. Harsh Rungta, Head – Investor Relations at Marico Limited, via telephone at +91-22-66480200 or email at harsh.rungta@marico.com .

Historical Stock Returns for Marico

1 Day5 Days1 Month6 Months1 Year5 Years
+2.89%+2.57%+6.02%+12.53%+11.70%+75.19%

What strategic initiatives might Marico announce during the earnings call to drive growth in the competitive FMCG market?

How could Marico's international business expansion plans impact its overall revenue mix in FY27?

Will Marico's Q4FY26 results indicate any shifts in consumer spending patterns post-pandemic recovery?

More News on Marico

1 Year Returns:+11.70%